Fmr LLC Boosts Position in LKQ Co. (NASDAQ:LKQ)

FMR LLC grew its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,020,689 shares of the auto parts company's stock after purchasing an additional 411,390 shares during the period. FMR LLC owned about 2.32% of LKQ worth $240,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Seizert Capital Partners LLC lifted its holdings in shares of LKQ by 451.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company's stock valued at $53,000,000 after buying an additional 1,086,758 shares during the last quarter. Millennium Management LLC boosted its holdings in LKQ by 552.8% in the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company's stock worth $51,412,000 after purchasing an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock valued at $496,772,000 after acquiring an additional 875,420 shares during the last quarter. Cooke & Bieler LP boosted its position in LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock worth $127,589,000 after purchasing an additional 873,665 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of LKQ by 230.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company's stock worth $42,053,000 after buying an additional 705,040 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on LKQ shares. Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Barrington Research restated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Finally, StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $53.80.

LKQ Stock Performance

Shares of LKQ stock traded down $0.18 on Monday, hitting $39.11. The company's stock had a trading volume of 559,847 shares, compared to its average volume of 1,932,156. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock's 50 day moving average is $38.62 and its 200-day moving average is $40.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a market capitalization of $10.17 billion, a PE ratio of 14.57 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. LKQ's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. Equities research analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Thursday, November 14th. LKQ's dividend payout ratio (DPR) is presently 44.78%.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.